Victoria Atkins

I am so glad that the hon. Gentleman has brought that up, because not only did his first Chancellor extend the freeze, but she dragged pensioners into it. It is literally the worst of all words. Let me reiterate the point I just made, because it is an important one. Under this Government, one in six families will be liable to pay inheritance tax by 2030. That means many more constituents being liable to pay the tax. The hon. Member for St Austell and Newquay said that our idea to axe inheritance tax on the family home was bonkers. I hate to break it to him, but Austria, Portugal, Sweden, Norway, Australia, Canada and New Zealand have all done the same. The reason why we are doing it, and why this is so important, is that we know it is families who build this country; it is families who put down roots. They build a home, they run a farm or they start a business, and they bring prosperity and vibrancy to our villages and our towns. So I make the promise that the Conservatives will axe these taxes if Labour does not does so at the Budget, because only the Conservatives are the party of the family home, the family business and the family farm, and only the Conservatives will get Britain working again.